SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Think4Yourself who wrote (73157)9/12/2000 1:57:27 PM
From: upanddown  Read Replies (3) | Respond to of 95453
 
JQP

To further confuse the issue, Bloomberg has different API numbers with crude basically unchanged.

Crude -300K to +400K
Dist +800K to +1.4M
Gas -300K to -800K
Util 95.6% to 95.4%

Two sets of guesses makes an already dumb situation even dumber. Whos right? Whos wrong?

With gas lines and rioting in the streets in Europe, I wonder how much ME crude originally destined for the GOM is being diverted to Europe. Why drag it an extra 5-6000 mi with these Brent prices? The politically correct thing for OPEC right now may be to bring down prices in Europe by adding product there. If they do, it could have a dampening effect on crude builds here during the shoulder season.

John